Firefly Aerospace to acquire SciTec for $855 million, combining cash and shares. Firefly’s Nasdaq listing in August valued at $9.84 billion. SciTec’s defense software analytics to enhance Firefly’s space services, focusing on missile warning, tracking, defense, intelligence, and surveillance. SciTec to operate as Firefly unit under CEO Jim Lisowski after deal closes.

Deal strengthens Firefly’s position in lucrative military-space sector amid rising geopolitical tensions. Firefly overcame bankruptcy in 2017 and CEO departure last year. Recent setback with Alpha rocket booster destroyed in testing mishap, following investigation into previous mission failure. Acquisition aims to boost Firefly’s prospects in space tech industry.

Overall, the acquisition of SciTec by Firefly Aerospace for $855 million through a combination of cash and shares is set to close by year-end. This strategic move will bolster Firefly’s space services by integrating defense software analytics from SciTec, enhancing its offerings in missile warning, tracking, defense, intelligence, and surveillance.

Read more at Yahoo Finance: Firefly strengthens portfolio with $855 million deal for national security tech firm SciTec